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By: Felix Armstrong

Retail Reporter Felix Armstrong is CityAM's retail reporter, covering retail, hospitality and property news. He has previously written for The Times, The Guardian, The Telegraph and The i Paper. Email Felix at [email protected]

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All 408 Articles
  • White van men ‘bleeding cash’ in Iran war diesel chaos

    March 30, 2026

    The country’s fleet of tradesmen are “bleeding cash,” with the Iran war’s fuel chaos pushing the price difference between petrol and diesel to its widest level in decades. A litre of diesel cost 179.9p on Sunday on average – up more than 35p since the Iran war started and 25p higher than petrol, according to [...]

  • Mortgage approvals bounce back after two-year low

    March 30, 2026

    Mortgage approvals have bounced back after slumping to a two-year low last month, suggesting the property market was regaining momentum before the Iran war shocked global markets. The number of approved mortgages for house purchases increased to 62,600 in February, up from the two-year low of 60,200 in January, according to the Bank of England. [...]

  • Debenhams shares jump as turnaround gains pace

    March 30, 2026

    Shares in Debenhams bounced on Monday as the fashion giant reported better-than-expected performance as it said it is making “significant progress” on its turnaround. Debenhams Group, which was renamed from Boohoo last year, said its underlying earnings grew by 76 per cent in the last six months after the retailer slashed costs and revamped its [...]

  • Housebuying demand falls as Iran war spikes mortgage rates

    March 30, 2026

    Housebuying demand has fallen as Brits take a “wait and see” approach after the Iran war spiked mortgage rates and prompted lenders to take hundreds of deals off the market. Buyer enquiries were 13 per cent lower in March than a year ago, as mortgage rates climbed by an average of 0.4 per cent over [...]

  • Asda boss says ‘plenty to do’ in turnaround after sales drop

    March 27, 2026

    The boss of Asda has said he has “plenty to do” to complete his turnaround of the firm after sales and earnings slumped.  The supermarket giant, the UK’s third largest, took £21bn of sales excluding fuel in 2025, down by 3.3 per cent, while adjusted earnings tumbled by a third to £764m. Asda’s executive chair [...]

  • Just Eat and Autotrader face fake reviews investigation 

    March 27, 2026

    Just Eat and Autotrader are among five firms being probed by the competition watchdog as it uses new fake review rules to crack down on businesses. The food delivery firm’s ratings system may have inflated the star ratings of some restaurants and grocers, according to the Competition and Markets Authority (CMA), while the used car [...]

  • Tesco beats Clubcard copycats to claim loyalty scheme crown 

    March 27, 2026

    Tesco’s beloved Clubcard has triumphed against rivals Sainsbury’s and Greggs to be named the country’s most valued loyalty scheme.  The supermarket giant’s Clubcard is the UK’s most effective, according to an index by software firm HyperFinity which polled Brits on the value, customer satisfaction and rewards offered by loyalty schemes at more than 50 retailers. [...]

  • Retail sales fall as Brits cut back on supermarket spending

    March 27, 2026

    Retail sales fell in February, as low spending in food and household goods stores could not offset the strong performance of online sellers. The quantity of goods bought in February fell by 0.4 per cent, down from the surprise two per cent rise in January, which was revised up from 1.8 per cent, according to [...]

  • Next unveils huge development in £2.5bn economy boost

    March 26, 2026

    Retail giant Next has unveiled a huge new development which it says will add £2.5bn to the economy, as the FTSE 100 firm invests over £300m in its warehouses. The firm has been granted planning permission to build a new 1.2m sq ft warehouse in its Elmsall complex in Yorkshire, with construction set to commence [...]

  • Co-op takes £126m knock from cyber attack as boss quits

    March 26, 2026

    Retailer Co-op has slumped to a £126m loss as it reels from the cyber attack which cost the firm nearly £300m last year, as its chief executive quit. The grocery chain is preparing to slash costs in the coming year, as it plans to cut £200m of spending in 2026.  Co-op’s cyber attack in April [...]

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